Home / Financial Services / Prudential requirements / Prudential requirements—non-systemically important investment firms

Legal News

The new prudential regime for investment firms—key points from the first FCA Consultation Paper

Copyright © 2025 LexisNexis

Published on: 09 February 2021

Published by a LexisNexis Financial Services expert

Table of contents

What is covered in the Consultation Paper and what is missing?
Use of same absolute amounts from EU IFR/D
Firm categorisation—SNI and non-SNI firms
Prudential consolidation—issues relevant for investment firm groups
Own funds—definition and composition of capital
K-factor capital requirements—issues relevant for firms who deal as principal
Own funds—transitional provisions
Client money and assets
Regulatory reporting
Impact of implementation—a cost/benefit analysis

Article summary

Financial Services analysis: Partners Ash Saluja and Sam Robinson, senior associate Tom Callaby and Associates Yasmin Johal and Maggie Lund of CMS discuss the first consultation paper from the Financial Conduct Authority (FCA) on the UK’s approach to the new prudential regime for investment firms.

Popular documents

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of